ArcelorMittal Benefits in Strong Steel Market, but Lower Prices Loom
SUGAR LAND--November 9, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Cost-cutting measures and strong U.S. demand for cars and construction handed steel giant ArcelorMittal SA (NYSE:MT) (Luxembourg, Luxembourg) a much-needed return to profitability in third-quarter 2016. The company's best earnings report in two years was driven by an increase in steel prices, although that trend is expected to reverse itself in the fourth quarter. Industrial Info is tracking $4.82 billion in active projects involving ArcelorMittal.
Within this article: Details on ArcelorMittal's quarter and its outlook for the global steel market, and details on some of the company's highest-valued projects.
